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Uroplasty Reports Financial Results for the Second Quarter FY2011

cal incontinence, or that if it is, it will be reimbursed by private and governmental payers, or that any of the other risks identified in our 10-K will not adversely affect our expectations as described in these forward-looking statements .For Further Information:Uroplasty, Inc.

EVC GroupDavid Kaysen, President and CEO, or

Doug Sherk/Jenifer Kirtland (Investors)Medi Jiwani, Vice President, CFO, and


Chris Gale (Media)952.426.6140

646.201.5431UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three Months EndedSeptember 30,Six Months EndedSeptember 30,2010200920102009Net sales

$3,244,823$2,986,475$6,280,322$5,812,404Cost of goods sold

594,469535,0741,105,1651,087,044Gross profit

2,650,3542,451,4015,175,1574,725,360Operating expensesGeneral and administrative

897,368713,0401,747,6851,561,591Research and development

472,008435,898872,637963,713Selling and marketing


210,682211,503421,450423,3163,597,4783,328,4957,047,7186,973,962Operating loss

(947,124)(877,094)(1,872,561)(2,248,602)Other income (expense)Interest income

17,99924,23031,62755,629Interest expense

(1,938)(1,788)(3,885)(9,694)Foreign currency exchange gain (loss)

10,574(7,365)12,364(14,697)Other, net

-2,000(192)(183)26,63517,07739,91431,055Loss before income taxes

(920,489)(860,017)(1,832,647)(2,217,547)Income tax expense

2,18314,64219,33322,887Net loss

$(922,672)$(874,659)$(1,851,980)$(2,240,434)Basic and diluted loss per common share

$(0.05)$(0.06)$(0.11)$(0.15)Weighted average common shares outstanding:Basic and diluted

19,088,24914,946,54017,207,95714,942,179UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)September 30, 2010March 31, 2010AssetsCurrent assets:Cash and cash equivalents & short-term investments

SOURCE Uroplasty, Inc.
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